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  • ID
    #20000404
  • Job type
    Permanent
  • Salary
    TBD
  • Source
    CoStar Realty Information, Inc
  • Date
    2021-09-20
  • Deadline
    2021-11-18
 
Permanent

Vacancy expired!

Quantitative Analyst Job Description

Are you looking for a role where you can combine passion for quantitative research and analysis to better understand and forecast investment performance within the commercial real estate space? If so this maybe the role for you!

CoStar Risk Analytics ( http://www.costar.com/products/costar-risk-analytics ) is currently in need of a Senior Quantitative Analyst to join the growing Boston based team. The mission of the Senior Quantitative Analyst is to develop credit risk models for commercial real estate whole loans and CMBS securitized loans and participating in building lender platform to assist lender clients in their loan surveillance and risk management processes. In addition, the Senior Quantitative Analyst performs research regarding mortgage risk, pricing, structured products, portfolio risk management, and related topics.

CoStar Risk Analytics, located in Boston, MA, provides unparalleled tools and information clients need to effectively measure risk, design meaningful analytics, comply with regulatory requirements, manage portfolios and make informed decisions. Leveraging CoStar Groups unparalleled CRE data, the Quantitative Analyst is able to provide the transparency necessary to communicate key drivers of CRE performance in markets across North America and Europe. Clients predominantly include commercial banks, insurance companies, CMBS investors, government agencies and regulators.

Responsibilities:
  • Conduct independent and creative quantitative research applied towards evaluation of CRE mortgage default risk, prepayment risk, recoveries, pricing, and capital adequacy
  • Perform econometric-based forecasting, economic reasoning, and quantitative analysis
  • Determine the need for changes to existing models and strategies
  • Update model calibration and conduct model validation
  • Document models and analytic products/tools for external client & internal analyst usage
  • Implement data mining techniques to leverage databases for use in a variety of products/tools
  • Assist with CoStar Risk Analytic clients' requests and analytical projects:
    • Running CoStar Risk Analytics commercial real estate credit default model, including scenario modeling of client and industry/research portfolios
    • Work with IT developers on model de-bugging and Beta testing of prototype model versions, program development, and enhancement projects
    • Quality assurance functions on model enhancements and periodic forecast updates
    • Testing and cleaning of client supplied or industry/research data
    • Assistance with primary analyses of the CMBS, life insurance, banking, or agency loan universe; development of appropriate indices that track relevant industry data, characteristics, or performance
    • Assist clients with CoStar Risk Analytics training, model execution, error de-bugging, and interpretative analysis regarding Compass loan or portfolio results
  • Assist sales team where appropriate with:
  • Demonstrations of CoStar Risk Analytics model and other related products;
  • Preparation of presentations regarding Capital Market research, market views, and investment strategy
Basic Qualifications:
  • Bachelor's Degree in relevant field, required
  • Master's degree in Economics/Statistics/Real Estate/Finance/Financial Engineering, strongly preferred
  • 2+ years of relevant work experience in a research-oriented environment and/or in financial services including banking, insurance, investment management, commercial real estate (CRE), or accounting
  • A deep background in econometrics, quantitative methodologies, applied statistical analysis, model building
  • Excellent programming skills in SQL, Python, SAS, Stata, R, or other languages and the ability to conduct data mining in large dataset
  • Experienced user of common market analytical tools, such as Bloomberg, Intex, Trepp, Derivative Solutions, etc.
  • Familiarity with regulatory framework including CECL, CCAR/DFAST and Basel III is a plus
  • Familiarity with industry trends in with investment, technology, and lending such as AI/machine learning, climate risk, and ESG is a plus
  • Accuracy and attention to detail
Founded in 1987, CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availability. Behind some of the most well-known brands in the industry, CoStar Group includes CoStar, the largest provider of CRE research and real-time data; LoopNet, the most heavily trafficked mobile and online real estate marketplace; Apartments.com, the premier rental home resource for renters, property managers and owners; STR, the leading provider of performance benchmarking and comparative analytics to the hotel industry; BizBuySell, the largest online marketplace for and Lands of America, the leading operator of online marketplaces for rural real estate.Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada, and Asia with a staff of over 4,300 worldwide.

What's In It For You: Working at CoStar Group means you'll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines. In addition to generous compensation and performance-based incentives, you'll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.Our benefits package includes (but is not limited to):
  • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
  • Life, legal, and supplementary insurance
  • Commuter and parking benefits
  • 401(K) retirement plan with matching contributions
  • Employee stock purchase plan
  • Paid time off
  • Tuition reimbursement
  • On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segways and bikes available for use during the day
  • Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks
Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere. But don't just take our word for it see why our team chose to work at and stay at CoStar Group: https://www.youtube.com/watch?v=CVbJRnJ2sX0

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar is not able to provide visa sponsorship for this position.

#LI-MP2

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

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